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Color of Money Book Club (Washington Post)
Personal finance columnist Michelle Singletary hosted an online discussion with author Laurence Shatkin and editor Sue Pines, the brains behind "150 Recession-Proof Jobs," on Thursday, Nov. 20 at Noon ET.
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Forced out of home, family still asks why (The Lexington Dispatch)
The lives of many Americans have been touched by the housing foreclosure crisis in some way. Home values have dropped, the stock market has stumbled and families have been forced out of their homes.The stories are repeated again and again - a family, targeted by predatory lending, signs a mortgage on a house it cannot possibly afford.
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City Council votes to refinance Del Mar Shores School mortgage (San Diego Union-Tribune)
DEL MAR – To save money on interest and buy more time for a fundraising drive, Del Mar city leaders have decided to refinance the mortgage on a surplus school site that will become the city's newest public park.
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Retail REITs Feeling Impact of Financial Market Turmoil (CoStar Group)
In the midst of addressing the most difficult financial environment in decades and ongoing retailer casualties and pullbacks, retail REITs reported difficulty with loans and refinancing, limited success in asset sales, and a pullback in new development...
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Clackamas Town Center's owner close to bankruptcy (Portland Tribune)
The company that owns Clackamas Town Center is considering filing for bankruptcy protection as it struggles to pay back billions of dollars in debt. General Growth Properties (GGP), the Chicago-based company that owns, partly owns or manages more than 200 shopping malls in 44 states, said in ...
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Report: Many in Southwest Florida owe more than their home is worth (Naples Daily News)
As home values continue to fall, more borrowers are likely to find themselves in trouble in Southwest Florida. In Lee County, 30.4 percent — or about a third of all homeowners — owe more on their mortgage than their home is worth, according to a quarterly report by Seattle-based Zillow.com. In Collier County, the number isn’t quite as staggering. It’s 18.7 percent — or nearly one in five ...
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When couples split, no one wants the house (The Palm Beach Post)
During the real-estate boom, couples who divorced would fight over who got the house, betting that the winner could get rich from rapidly escalating prices. Spouses plunked down thousands to buy out their partner. Disposing of the ''marital asset'' was easy, since homes were selling in a day or two for inflated prices.
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White House scales back a mortgage relief plan (International Herald Tribune)
The goal will be to modify the mortgages of homeowners facing foreclosure so that a monthly loan payment is no higher than 38 percent of a borrower's monthly income.
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Credit scores more important than ever for best loan rates (Inside Bay Area)
n With lending rules tighter than ever, how you spend could change your standing
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White House Scales Back a Mortgage Relief Plan (The Sarasota Herald-Tribune)
The goal will be to modify the mortgages of homeowners facing foreclosure so that a monthly loan payment is no higher than 38 percent of a borrowers monthly income.
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